Tender Offer | ₹180.00 Crores | Listed at BSE, NSE | Fri, Mar 25, 2022 - Thu, Apr 7, 2022
K.P.R. Mill Ltd. Buyback is a tender offer for the repurchase of up to 0.22 crore equity shares at a buyback price of ₹805 per share with a face value of ₹1 per share, aggregating to ₹180.00 crores.
The record date for determining eligible shareholders is Feb 19, 2022. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Mar 25, 2022 and closes on Apr 7, 2022, with the last date for receipt of tender forms being Apr 9, 2022.
The finalisation of buyback acceptance is expected on Apr 18, 2022, followed by settlement of bids on Apr 19, 2022.
IDBI Capital Markets Services Ltd. is the Manager to the Buyback and Kfin Technologies Ltd. is the Registrar and IDBI Capital Markets & Securities Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the K.P.R. Mill Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Fri, Mar 25, 2022
Offer Closing Date
Thu, Apr 7, 2022
Buyback Price
₹805 per share
Record Date
February 19, 2022
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 1 Equity Share out of every 16 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 5 Equity Share out of every 891 Fully paid-up Equity Shares held on the Record Date. |
| Particulars | For the year/period ended (Rs. in Crores) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Income | 2,991.60 | 2,934.53 | 3,015.90 |
| Profit After Tax | 432.62 | 294.61 | 289.11 |
| Net Worth | 1,906.54 | 1,504.88 | 1,511.20 |
| Reserves and Surplus | 1,872.13 | 1,470.47 | 1,474.92 |
KPR Mills Limited is one of the largest vertically integrated companies, with a diversified business focus across Yarn, Fabrics, Garments, and White Crystal Sugar . KPR ranks among the top 500 companies in India with over four decades of experience to produce an indelible mark in the textile landscape.
The product portfolio of KPR Mills ranges from Readymade Knitted Apparel, Fabrics, Compact, Melange, Carded, Polyster, and Combed Yarn. The company produces unique customer-focused products and serves domestic and global customers with diligence, superior quality, and delivery excellence.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2022 | 771.80 | 605.30 | 709.35 |
| Dec-2021 | 699.20 | 502.85 | 581.87 |
| Nov-2021 | 548.40 | 446.00 | 508.67 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2022 | 769.00 | 606.25 | 709.22 |
| Dec-2021 | 699.00 | 503.25 | 581.71 |
| Nov-2021 | 548.00 | 445.60 | 508.56 |
The Buyback aims to :
i) Return surplus cash to its Shareholders.
ii) Optimize the capital structure.
iii) Improve key return ratios like return on equity capital.
K.P.R. Mill Ltd.
No. 9, Gokul Buildings,
A.K.S. Nagar, Thadagam Road,
Coimbatore - 641 001, India
Coimbatore, Tamil Nadu, 641001
Lead Manager(s)
Registered Broker
The K.P.R Mill Buyback opens on March 25, 2022, and closes on April 7, 2022.
The K.P.R Mill Buyback last day to buy is not available as of now.
The K.P.R Mill Buyback is a Tender Offer.
K.P.R Mill Buyback Schedule
| Buyback Opening Date | March 25, 2022 |
| Buyback Closing Date | April 7, 2022 |
| Last Date for receipt of Tender Forms | April 9, 2022 |
| Finalisation of Buyback Acceptance | April 18, 2022 |
| Last Date for settlment of bids | April 19, 2022 |
| Last Date for Extinguishment of Shares | April 26, 2022 |
The K.P.R Mill Buyback is being offered at Rs ₹805 per share.
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 1 Equity Share out of every 16 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 5 Equity Share out of every 891 Fully paid-up Equity Shares held on the Record Date. |
The issue size of K.P.R Mill Buyback is 22,36,000 equity shares at ₹805 per share aggregating up to ₹180.00 Crores.
The Buyback aims to :
i) Return surplus cash to its Shareholders.
ii) Optimize the capital structure.
iii) Improve key return ratios like return on equity capital.
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The K.P.R Mill Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
